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their taxes will go up just next year, $7,500. and lebron james, you know, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minutes before the deadline clears. are we already past the point of no return? >> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the other top stories develop right now. paula? >> we have an update on 41. we begin with growing concern about the health of former president george h.w. bush. he has suffered a setback. mr. bush is in intensive care after doctors were un
their taxes will go up just next year, $7,500. and lebron james, you know, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minutes before the deadline clears. are we already past the point of no return? >> we are already virtually certain that we're going to go over this fiscal cliff....
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this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today with pressure on them to make a deal as well and to cast a vote. that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been res
this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today...
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Dec 27, 2012
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will pay more in payroll taxes. families making between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch c
will pay more in payroll taxes. families making between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary...
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or look for better advantages in terms of the tax system a good example of that was boots the chemist which was a company with a head office in nottingham for one hundred sixty one years and moved in switzerland where we had revenues of around eighty nine million pounds in corporation tax and they reduced that then to nine million so burden is then placed on the u.k. tax payer increases i think in terms of the eighty or other forms of taxation it has to be found and we're the ones paying for it other nations governments scrutinize every overseas bed france for example argues that it's in their national interest to prevent key technologies falling into foreign hands so while it's often difficult for a british company to buy abroad over thirty billion pounds worth of domestic companies made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisition the only thing is by the time they get around to it there might be nothing left to sell polly boy see london terror warning canada that. made a
or look for better advantages in terms of the tax system a good example of that was boots the chemist which was a company with a head office in nottingham for one hundred sixty one years and moved in switzerland where we had revenues of around eighty nine million pounds in corporation tax and they reduced that then to nine million so burden is then placed on the u.k. tax payer increases i think in terms of the eighty or other forms of taxation it has to be found and we're the ones paying for it...
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Dec 29, 2012
12/12
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higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted construction. grumed. saint jude medical. motorola, waste manage: these are companies that not only have big contracts with the government but employ a lot of people who should these contracts not be renewed to the extent they are right now. those employees could be facing an uncertain future. >> harris: wow, at a time when we're still trying to generate enough jobs to break even at the end of the month. >> that's right. >> harris: adam shapiro, thank you. three police officers recovering from a rampage that played out inside their police station. it happened in southern new jersey. they say a man police had arr
higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted...
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Dec 28, 2012
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tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have a message and that is going to be the big question about who wins and long-run. jon: if we go over the cliff, i mean, everyone's paycheck, just about -- come january 1, it will be shrunk because government is going to be taking a much bigger chunk out of it. that will infuriate people. are they going to be blaming president obama? >> well, they won't be blaming president obama because polls show that they are blaming republicans. republicans are not really coming to the table. we had an election, and we had an election where voters clearly supporte
tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have...
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tax payer increases in income tax of the eighty or other forms of taxation it has to be found and we're the ones paying for it other nations governments scrutinize every overseas bed france for example argues that it's in their national interest to prevent key technologies falling into foreign hands so while it's often difficult for a british company to buy abroad over thirty billion pounds worth of domestic companies made their way into foreign hands last year last month westminster said that it wouldn't change any laws but would take a greater interest in foreign acquisition the only thing is by the time they get around to it there might be nothing left to sell polly artsy london. so rarely as warning color the it's made a dangerous move for taking a notorious aronian militant group off its terror list khaled is following a similar move by the u.s. in accepting that the enrique has renounced violence and wants peaceful regime change in iran refresh the looks of the organizations recording is from some iranians who are wary of legitimizing it mohammed shows me his box of handmade treas
tax payer increases in income tax of the eighty or other forms of taxation it has to be found and we're the ones paying for it other nations governments scrutinize every overseas bed france for example argues that it's in their national interest to prevent key technologies falling into foreign hands so while it's often difficult for a british company to buy abroad over thirty billion pounds worth of domestic companies made their way into foreign hands last year last month westminster said that...
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Dec 27, 2012
12/12
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the main dispute continues to be over taxes. >> in national news. dallas cowboys nose tackle josh brent has been formally indicted on a charge of intoxication manslaughter. for the crash that killed a teammate. brent was arrested earlier this month after police say he flipped his car while speeding though a neighborhood in suburban dallas. brent survived the crash. but his friend and teammate. practice squad member jerry brown. died at a hospital. intoxication manslaughter carries a maximum sentence of 20 years in prison. no court dates have been set. >> right now parts of the country are dealing with the aftermath of a severe storm system that is being blamed for at least six deaths. and tonight. we have dramatic new video of a major tornado that ripped through mobile alabama last night. >> it is right there. we have to hurry up. >> officials say the tornado touched down five times in the mobile area -- ripping off roofs and shattering windows. the destruction was evident at a high school in mobile. were several portable classrooms were destroyed a
the main dispute continues to be over taxes. >> in national news. dallas cowboys nose tackle josh brent has been formally indicted on a charge of intoxication manslaughter. for the crash that killed a teammate. brent was arrested earlier this month after police say he flipped his car while speeding though a neighborhood in suburban dallas. brent survived the crash. but his friend and teammate. practice squad member jerry brown. died at a hospital. intoxication manslaughter carries a...
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Dec 26, 2012
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keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending especially the 6 trillion the president has --. patti ann: brad, democrats are arguing, you know obama won re-election and that means voters prefer his economic strategy and it is really the republicans obligation to bend here. what do you say to that? >> that is nonsense. the president has no mapped date. if anything, we have more division today than we did back on election day. the electorate may have wanted divided governing but they're not going to expect the kind of gridlock we've had the last four years. look they control the senate and white house. when the president controlled all branch
keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending...
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Dec 31, 2012
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could a last-minute push from vice president joe biden get something done before your taxes go up? >>> and oh, baby. kanye wecakanye west surprises y announcing his girlfriend, kim kardashian, is pregnant with their first child. how her family is reacting to the news "today," monday, december 31st, 2012. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >> welcome to "today" on a very busy monday morning. i'm willie geist. >> and i'm erica hill. matt and savannah have the morning off. >>> we'll have the latest on secretary of state clinton's condition in a live report straight ahead. it is the last day of 2012. >> you and i are both in the same situation with young children. >>> people filing into times square in new york city. it is the world's biggest party. of course, security will be extremely tight. we'll check in on celebrations there and around the world. >> then we'll catch up with three women that had us talking in 2012, including a mom that sparked debate over this picture. and an anchor who caught
could a last-minute push from vice president joe biden get something done before your taxes go up? >>> and oh, baby. kanye wecakanye west surprises y announcing his girlfriend, kim kardashian, is pregnant with their first child. how her family is reacting to the news "today," monday, december 31st, 2012. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >> welcome to...
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the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are before the end of the year when everybody's tax go up. >> we heard from senator reid earlier today. they were dealing, in his words, with a dictatorship. are we expected to hear from him or any of the players from the hill in terms of trying to move this forward, whether it's publicly, in the public arena or privately? >> we are. we're told we should expect to hear from the senate republican leader mitch mcconnell. the senate is in and he will likely take to the floor we're told and give a status report from his perspective. what we're talking about right now in the senate is whether or not the democrats
the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are...
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Dec 29, 2012
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president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better
president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be...
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Jan 1, 2013
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the plan also expands the child tax credit earned income tax credit and up to $2,500 tax credit for college tuition. unemployment benefits would be extended for one year and the same for the medicare dock fix. the social security payroll tax cut reverts to a 6.2%. on the estate tax, the estate tax will have a 10-million-dollar exemption per couple with additional inheritance taxed at 40 pierce. these are details just coming out. they are influx. they could change. but we thought we would give you what we could. some of it is in the weeds but a lot of people are interested in the weeds. let's take a look at wall street's reaction to the ongoing cliff negotiations. fox business network correspondent rich edson is on capitol hill. rich, you know, the market had a pretty good day today as all this talk was going back and forth. and i guess before the market closed. a lot of the talk was they were really, really close to a deal. >> right, bret. when you consider earlier in the day when we started getting news that they were moving much closer to a compromise, wall street jumped at this and staye
the plan also expands the child tax credit earned income tax credit and up to $2,500 tax credit for college tuition. unemployment benefits would be extended for one year and the same for the medicare dock fix. the social security payroll tax cut reverts to a 6.2%. on the estate tax, the estate tax will have a 10-million-dollar exemption per couple with additional inheritance taxed at 40 pierce. these are details just coming out. they are influx. they could change. but we thought we would give...
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just about everybody is going to have a tax increase. the number goes up significantly with incomes. if you are talking 200 to 500,000 in income almost 14,000 dollars in tax hikes. the wealthiest americans people that make a million dollars or more will pay an average of 216,000 dollars in additional tax that is money that would otherwise be spent to help boost the economy or invest it. this is a real concern for economists. the other wrench that was thrown in treasury secretary tim geithner says we are going to be up against the nation's debt ceiling a lot sooner than a lot of folks expected it will happen around the end of the year. they can use accounting gimmicks to extend that deadline for maybe a couple of months. but it would be part of any kind of a grand bargain. it is one more complication as the negotiations condition. >> doug luzader in washington thank you. >> thanks. >>> time now to entertain this. actress kate winslet officially tieing the not with her third husband ned rock and roll. he is the nephew of richard brans bran
just about everybody is going to have a tax increase. the number goes up significantly with incomes. if you are talking 200 to 500,000 in income almost 14,000 dollars in tax hikes. the wealthiest americans people that make a million dollars or more will pay an average of 216,000 dollars in additional tax that is money that would otherwise be spent to help boost the economy or invest it. this is a real concern for economists. the other wrench that was thrown in treasury secretary tim geithner...
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Dec 27, 2012
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obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my daughter, at this age, i give her a long rope. and there is monitoring, because we have rules. but monitoring may be, you never know when i'm going to walk in your room and i'm going to definitely ask you, who are you talking to? and are you talking about school work? >> and they're not very good at lying. we joke sometimes about how malia is getting to the age now, boys start calling and sort of -- i always talk about how one of the main incentives for run
obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them...
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this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to return back to their homes. they say exconflict william spangler set the fire as a trap to lure firefighters
this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >>...
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Dec 26, 2012
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this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to return back to their homes. they say exconflict william spangler set the fire as a trap to lure fir
this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes....
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in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says t
in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts...
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taxes from those rogue companies just an aviation alone. there are dozens and dozens of companies who are bringing passengers and cargo to this country and who are bringing other goods and they have never paid any taxes they've never paid even landing fees in some cases they haven't paid or flaked fees this is just aviation you can imagine in other fields of commerce in. fuel and transportation and logistics and security in other arenas in all arenas there are hundreds of millions of dollars every year there are scaping and this government also sometimes gives them some reprieve reducing their taxes and exchange for bribes. now we've plenty on our website right now i mean clearing one percent stage doesn't necessarily mean a russian family files a two million dollar loss against bentley plane the luxury car maker for the death of a relative due to a faulty air bag. plus washington's plans to hold the whip hand over east asian skies by deploying squadrons of stealth warplanes to the region get all the details at our dot com. with the end of
taxes from those rogue companies just an aviation alone. there are dozens and dozens of companies who are bringing passengers and cargo to this country and who are bringing other goods and they have never paid any taxes they've never paid even landing fees in some cases they haven't paid or flaked fees this is just aviation you can imagine in other fields of commerce in. fuel and transportation and logistics and security in other arenas in all arenas there are hundreds of millions of dollars...
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>> higher taxes and entitlement cuts. harris: before you go, i hear a huge however, in all of this and that's because the only thing you say would slow down a positive outlook is the federal government getting in the way. you know they're pretty good at that. >> look what happened, not only 12 months but really the last almost four years the economy should have been on a natural high. it has its own momentum, its own natural growth. unemployment has been historically terrible on these kind of recoveries. washington interfering with the natural growth of the economy. we do need to get them out of the way. we need them to make decisions give ground rules and make a head of steam. harris: you call white house, call congress, let us know how it works out. >> i've been down to washington and talked to political leaders. everybody is in one camp or the other. somebody has to give. we hope they compromise soon. harris: dominic, thank you, a financial advisor giving us advice today. thank you. >> have a great day. harris: you too
>> higher taxes and entitlement cuts. harris: before you go, i hear a huge however, in all of this and that's because the only thing you say would slow down a positive outlook is the federal government getting in the way. you know they're pretty good at that. >> look what happened, not only 12 months but really the last almost four years the economy should have been on a natural high. it has its own momentum, its own natural growth. unemployment has been historically terrible on...
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if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words, if we don't have a deal in the next 24 hours, the question is where do you buy a parachute. it looks like we'll be going over the cliff. the closer we get to the end, the less likely it is you're going to be able to compress an agreement int
if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big...
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Dec 26, 2012
12/12
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this is the average tax hit families will take on top of what they already pay in taxes. so those who make below 10,000 will pay an average of about $300. going to the bottom level there, those who make between 40 and 50,000, they will have to pay an extra $1700 on average. looking at next set of numbers for wage earners. 50 to 75,000, they will have to find an extra $2300 to send to washington. if you managed to make over $200,000 on the income mark it will be a big jump up, send a check to uncle sam for on average, about 14 thou additional dollars. and the highest wage earners, here are those numbers. if you make between $500,000 to a million, you will pay on average $34,000 more. and if you make over a million, the irs will want $216,000 additional dollars from you on top of what you already pay in taxes. one financial advisor tells fox that the uncertainty of it all is making families less willing to spend money before or after christmas and it is making businesses less willing to hire new employees. kelly? kelly: that is the uncertainty we've been talking molly. my f
this is the average tax hit families will take on top of what they already pay in taxes. so those who make below 10,000 will pay an average of about $300. going to the bottom level there, those who make between 40 and 50,000, they will have to pay an extra $1700 on average. looking at next set of numbers for wage earners. 50 to 75,000, they will have to find an extra $2300 to send to washington. if you managed to make over $200,000 on the income mark it will be a big jump up, send a check to...
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Dec 27, 2012
12/12
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FOXNEWSW
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pay in taxes. below 10,000 they will pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000 they will have to pay an extra $1,700 more. looking at the next set of numbers for wage earners, 50 to 75,000. they will have to find an extra $2,300 to send to washington. and if you managed to make over $200,000, if you go over that income mark, it will be a big jump up. you have to send a check to uncle sam for, on average, about 14,000 additional dollars. the highers wage earns 500,000 to a million they will pay an average of $34,000 more. over a million dollars, the irs will want 216,000 additional dollars from you on top of what you already pay in taxes. the upshot of all of this; >> you will have less money to spend in a very difficult economy with very little clarity on how the economy is going to pick up in the near future. even in the long run. we are entering into a very difficult economic environment, unfortunately. >> a wealth manager says need to aust
pay in taxes. below 10,000 they will pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000 they will have to pay an extra $1,700 more. looking at the next set of numbers for wage earners, 50 to 75,000. they will have to find an extra $2,300 to send to washington. and if you managed to make over $200,000, if you go over that income mark, it will be a big jump up. you have to send a check to uncle sam for, on average, about 14,000 additional dollars....
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Dec 25, 2012
12/12
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FOXNEWSW
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they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. >> reporter: so, sing some carols today. probably will be some eggnog. here in hawaii, maybe back in ohio where john boehner is likely celebrating the holidays as well but they have got to seriously get back to work over the next couple days and top white house officials say we can expect the president by the end of this week, it is very, very
they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas...
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Dec 25, 2012
12/12
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FOXNEWSW
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ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> independent senator joe lieberman says he believes for the first time in the entire debate that we may be going off the fiscal cliff. he and others have said all along that there would be this fighting but right up to the deadline. they have finally come up with some sort of a deal. lieberman and others on the hill saying they think we may in fact go off the cliff. rattle the markets as you suggested, jamie. lieberman also believes the senate will be in session on new year's eve. going right up against the end of the year deadline to try to work this out, jamie. >> jamie: if any news breaks i know you will bring it to us. live from honolulu. washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy thoug
ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> independent senator joe lieberman says he believes for the first time in the entire debate that we may be going off the fiscal cliff. he and others have said all along that there would be this fighting but right up to the deadline. they have finally come up with some sort of a deal. lieberman and others on the hill saying they think we...
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Jan 1, 2013
01/13
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CNNW
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it's a tax defrl. when speaker pelosi and democrats were in charge, they used the word pay go constantly. in other words, is there an offsetting pay for what you do? president bush's tax cuts were not paid for. they were anticipated to be grown out of. these are not anticipated to be grown out of. cdo has said 3.967. in other words, $4 trillion will be added to the debt over ten years with this tax cut unless we do some spending cuts to help offset it. right now the president's still in a spending mood. we need to get him in a savings mood. >> i want to clarify, you said it was after the new year's and they were partying. are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send some
it's a tax defrl. when speaker pelosi and democrats were in charge, they used the word pay go constantly. in other words, is there an offsetting pay for what you do? president bush's tax cuts were not paid for. they were anticipated to be grown out of. these are not anticipated to be grown out of. cdo has said 3.967. in other words, $4 trillion will be added to the debt over ten years with this tax cut unless we do some spending cuts to help offset it. right now the president's still in a...
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Dec 24, 2012
12/12
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FOXNEWSW
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no tax increases people below, but taxes for people above. he won. 60% of the voters said they were for it in the the exit polls, including some republicans. >> reporter: the president is still vacationing here in hawaii. white house officials are privately making it clear that you heard him last friday before he left the white house, i'll see you next week. if there is not some sort of christmas miracle and some sort of a deal over the next 24 hours very likely we'll see the president get on air force one in the next couple of days, right after christmas and head back to washington to find some sort of solution, kelly. kelly: hopeful people are following his advice and listening to christmas carols, drinking eggnog and talking to constituents. jaime: mistletoe extract could be good for your health. we'll talk about that. can bolt sidecan both sides bridge the gap before it's too rate or does one side want us to go off the fiscal cliff? washington insiders weigh in next. we'll be right back. with the spark miles card from capital one, thor ge
no tax increases people below, but taxes for people above. he won. 60% of the voters said they were for it in the the exit polls, including some republicans. >> reporter: the president is still vacationing here in hawaii. white house officials are privately making it clear that you heard him last friday before he left the white house, i'll see you next week. if there is not some sort of christmas miracle and some sort of a deal over the next 24 hours very likely we'll see the president...
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Dec 27, 2012
12/12
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for example, one big tax increase in the obama tax increase package is the capital gains tax rate is going to go up 58% on the higher income taxpayers. and so now in the last 50 years, every time the capital gains tax rate has been raised, capital gains revenues have declined rather than increased. and every time the capital gains tax rate has been cut, capital gains revenues increased rather than declined. and cbo has gotten it wrong every time over 50 years. and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends pay soared and so did the taxes napad on them as a result. if you reverse that tax cut and put the obamacare tax on top, dividends are goi
for example, one big tax increase in the obama tax increase package is the capital gains tax rate is going to go up 58% on the higher income taxpayers. and so now in the last 50 years, every time the capital gains tax rate has been raised, capital gains revenues have declined rather than increased. and every time the capital gains tax rate has been cut, capital gains revenues increased rather than declined. and cbo has gotten it wrong every time over 50 years. and so whether you're deal -- what...
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Dec 31, 2012
12/12
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tax. it's hitting the single mothers, not the quote unquote the rich. it affects all of us. gregg: obamacare taxes will begin for individuals earning more than 200,000 and couples morning here than $250,000. >> most people think this doesn't affect me. this could trickle down, a lot of people in this bracket are the ones who have small businesses. so if they are getting hit more with higher taxes i'll see possibly layoffs of one or two people, multiply that by tens of thousands small businesses you'll see the consumer spend less. gregg: congress can handle it individually because the president signed an executive order giving them all pay raises. >> it's true. gregg: unbelievable. heather. heather: coming up president obama facing another key test as he approaches the start of his second term. the ongoing battle now turning to america's ports, as a strike deadline fast approaches. doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted l
tax. it's hitting the single mothers, not the quote unquote the rich. it affects all of us. gregg: obamacare taxes will begin for individuals earning more than 200,000 and couples morning here than $250,000. >> most people think this doesn't affect me. this could trickle down, a lot of people in this bracket are the ones who have small businesses. so if they are getting hit more with higher taxes i'll see possibly layoffs of one or two people, multiply that by tens of thousands small...
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Dec 30, 2012
12/12
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FOXNEWSW
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you know, for extending the bush tax cuts, is it 250,000 and above, that you let the taxes go up, is it 400, 500,000, ultimately what it comes down to, harry reid says i can get enough votes from democrats to support this plan. >> and democrats say and republicans say that would be about the 1 percent-ers, so-called 1 percenters would hit that 400,000 a year maybe higher, up to 500,000, what revenue does this generate? we've been hearing about this for a long time. what does it actually generate? well, if we take about 12.4 days to run the federal government, that's the amount of money extra that the government would bring in to run the federal government. that's how much we spend in 12 days. so, all of this fighting back and forth, that's why so much is being said or lack of-- i guess i should say, lack of being said about cuts. and the real way we can grow this economy is cuts. get all of this out of control spending in place first. >> dave: right, and just the conversation alone that we're now having, the american people are the loser in this deal because none of this talk is abou
you know, for extending the bush tax cuts, is it 250,000 and above, that you let the taxes go up, is it 400, 500,000, ultimately what it comes down to, harry reid says i can get enough votes from democrats to support this plan. >> and democrats say and republicans say that would be about the 1 percent-ers, so-called 1 percenters would hit that 400,000 a year maybe higher, up to 500,000, what revenue does this generate? we've been hearing about this for a long time. what does it actually...
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Dec 27, 2012
12/12
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KGO
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. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benefits for two million people could expire saying the nation will fall back into a recession. there are reports hairy reed is now working on a smaller deal than the one the president negotiate yatesed with house speaker john boehner. >> the package reportedly preventing tax increases on middle class families and cut some spending programs but it's not clear such a plan could pass. >> star bucks is using its coffee cups to jump into washington politics. the world's biggest coffee chain asking employees and cafes to write something other than customer names on cups wanting workers to scribble words come together on cups this week as a message to lawmakers to settle this fiscal cliff issue. >> jipgs president morsi signed the country's new constitution into law today. >> he called on the opposition to the opposition restricted the new constitution. >> the parts were draft bid islamist leaders. morsi revoked sweeping powers he
. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benefits for two million people could expire saying the nation will fall back into a recession. there are reports hairy reed is now working on a smaller deal than the one the president negotiate yatesed with house speaker john boehner. >> the package reportedly preventing tax increases on middle class families and cut some spending programs but it's not clear...
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Dec 27, 2012
12/12
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FBC
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pledge not to increase taxes. lori: back off of politics. i'm curious about your take on the economy because the third quarter was revised upwards to over 3% growth. pretty good. you mentioned jobs, we're seeing some momentum, improvement in labor situation, housing is looking better, spending, questionable, almost like the economy, the domestic economy is like a powder keg ready to explode and to the good side meaning growth, not fall off a cliff, take a quick if you can out of the picture. how are the fundamentals of the economy? can you evaluate it without this other stuff going on in washington? >> the way to think about it is the economy in the fourth quarter is growing 1.5% to 2%. everyone's numbers around there. that is disappointing. the average in the postwar period was closer to 3 so we can do better. one of the reasons we are not doing better is there's so much uncertainty what government is going to do. i do believe we could have a great year next year provided that washington gets out of the way and i
pledge not to increase taxes. lori: back off of politics. i'm curious about your take on the economy because the third quarter was revised upwards to over 3% growth. pretty good. you mentioned jobs, we're seeing some momentum, improvement in labor situation, housing is looking better, spending, questionable, almost like the economy, the domestic economy is like a powder keg ready to explode and to the good side meaning growth, not fall off a cliff, take a quick if you can out of the picture....
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Dec 31, 2012
12/12
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WJLA
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. >> i think he is held and on raising taxes. -- hell bent on raising taxes. >> word was spreading on capitol hill of a possible compromise. but the president went to the podium warning republicans he would not go any further with more spending cuts without more tax have to be a matter of shared sacrifice. at least as long as i am president. i am going to be present for the next four years. >> that left some curious republicans grumbling that the president wanted to kill the deal. the president had every right to criticize congress. >> the present is an absolute right to make sure he keeps us focused on getting this done. >> mcconnell was still urging fellow republicans to stand down and move forward in order to beat the midnight deadline. >> we can do this. we must do this. >> it is a major step forward and i think it might calm the markets until the house acts. >> you heard john mccain. they hope the senate can act by tonight. they're trying to schedule a vote and reach an agreement on a compromise. it is not clear whether the house will vote tonight. what is inside disagreements --
. >> i think he is held and on raising taxes. -- hell bent on raising taxes. >> word was spreading on capitol hill of a possible compromise. but the president went to the podium warning republicans he would not go any further with more spending cuts without more tax have to be a matter of shared sacrifice. at least as long as i am president. i am going to be present for the next four years. >> that left some curious republicans grumbling that the president wanted to kill the...
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Dec 31, 2012
12/12
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eight prevent a tax increase. clear differences remain. seene odds are we have not the leadership on either side of e to solve this problem. is a contraction economy. loss of jobs which could be well in addition to the people already on unemployment. >> the senate reconvenes 11:00 on monday. the president's heerview earlier today, the issue of guns. the president said the day of newtown shooting was the t of his presidency. onlyam skeptical that the is putting more guns in schools. the vast majority of the people are skeptical. >> the president has pledged to behind full weight preventing aimed at the violence. president hugo f. chavis is 's hugo chavez delegate -- delicate. has says hesident in cuba.in >> it is a bitterly cold night. >> one of the coldest nights of the year. >> temperatures continued to we move to the next several hours. the winds have finally diminished. s.ear skie it allowed temperatures to fall quickly. highest i could find, southern maryland, 22 miles per hour. mainly clear and cold waking up
eight prevent a tax increase. clear differences remain. seene odds are we have not the leadership on either side of e to solve this problem. is a contraction economy. loss of jobs which could be well in addition to the people already on unemployment. >> the senate reconvenes 11:00 on monday. the president's heerview earlier today, the issue of guns. the president said the day of newtown shooting was the t of his presidency. onlyam skeptical that the is putting more guns in schools. the...
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Dec 30, 2012
12/12
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WJLA
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>> that is right, the temporary payroll tax cut is set to expire, affecting everyone getting a paycheck. we are told senate leaders are trying everything, private conferences, phone call, email trying to hammer out a deal before the deadline. the clock is ticking, just three days left now. >> i'm hopeful and optimistic. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >> whenever we come up with will be in perfect. >> it comes up with president obama calls the bare minimum addressing tax cuts without doing anything to curb spending. >> we will get at best a patch and be here again in two months. congress cannot get out of its own way. >> average family would pay an extra $3,400
>> that is right, the temporary payroll tax cut is set to expire, affecting everyone getting a paycheck. we are told senate leaders are trying everything, private conferences, phone call, email trying to hammer out a deal before the deadline. the clock is ticking, just three days left now. >> i'm hopeful and optimistic. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit...
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Jan 1, 2013
01/13
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WJLA
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eye 101
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your taxes would go up if the is enacted. could be ideal tonight in the senate. e house has gone home for tonight. i am told as long as they vote pretty soon, it would not be a major disaster. we will keep our eyes on this. we will latino. >> tomorrow is a federal -- we will let you know. >> one thing that was completed was a pay raise for all federal workers. president obama signed an granting arder raise. include members of congress and the white house staff. mr. obama will not be getting a raise. will -- not all will get a raise, and -- be out of the job. leon panetta said he does not the day-to-day operations dramatically if we go over the fiscal cliff. the planning has begun for a layoffs. government civilian furloughs could impact to 800,000 workers. we're learning more about a crash to second involving prince william county. yung died a short time colliding with a minivan bristow. withe witness we spoke describes a chaotic scene. could see people trying to the police officer. it was hard to see through the smoke and flames. >> i thought it was going to exp
your taxes would go up if the is enacted. could be ideal tonight in the senate. e house has gone home for tonight. i am told as long as they vote pretty soon, it would not be a major disaster. we will keep our eyes on this. we will latino. >> tomorrow is a federal -- we will let you know. >> one thing that was completed was a pay raise for all federal workers. president obama signed an granting arder raise. include members of congress and the white house staff. mr. obama will not be...
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Dec 27, 2012
12/12
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LINKTV
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budget cuts and tax rises will start on january 1. the white house has called on republicans not to block a resolution in congress. severe weather has caused hundreds of holiday flight delays with its sweeping storm system moving east after tornadoes struck for states on christmas day. at least six people have died. >> dallas, texas, where snow is a rarity came as a christmas surprise. it turned white and the motorists struggled with slippery roads. 21 cars and fractured trailers, and eastern ohio, kentucky, and indiana. along with wind gusts of 50 kilometers an hour. the unusual winter phenomenon hit for seven states, 34 tornadoes. this one touchdown in mobile, alabama. it overturned cars and blew out windows. >> it is like this crazy wind, just the whole building is shaking. >> a caused no fatalities, but a thunderstorm fell this tree, killing a driver of this truck. and if no border was buried by an avalanche. the storm system shifts to the eastern seaboard. >> writing levels of the city in the red sea is threatening the coral reef
budget cuts and tax rises will start on january 1. the white house has called on republicans not to block a resolution in congress. severe weather has caused hundreds of holiday flight delays with its sweeping storm system moving east after tornadoes struck for states on christmas day. at least six people have died. >> dallas, texas, where snow is a rarity came as a christmas surprise. it turned white and the motorists struggled with slippery roads. 21 cars and fractured trailers, and...
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Dec 27, 2012
12/12
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KBCW
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and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w. bush is in intensive care. a fever that kept him in the hospital over christmas has gotten worse. a bush family spokesperson says the 88-year-old was alert and joking with doctors but has yet to respond to fever re-reduce reducing medication. >>> there is a settlement in the runaway car debacle. the payout coming to million was t
and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by...
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Dec 29, 2012
12/12
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WJLA
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many worry about the tax increases that could kick in. and they are angry we are four days a out with no deal. >> it is ridiculous. this is a necessary. >> while the republican senate minority leader is staying positive the democratic senate majority leader warns -- >> whatever we come up with is going to be imperfect and some people are not going to like it. >> the president says if a big deal cannot be reached, he wants at least a smaller deal to keep middle-class taxes from going up and to extend unemployment benefits. >> at this point, i just hope they get something done. >> click on need to come together and come to an agreement. both sides are at fault. >> reitman, this is the plan for the weekend. the senate plans to go into recess tomorrow so staff members can work on a deal. on sunday, the senate and possibly the house will reconvene and maybe vote on the bill either that day or on monday. the deadline is basically monday night at midnight, when we go over into the new year. ups said the capital, abc 7 news. -- outside the capita
many worry about the tax increases that could kick in. and they are angry we are four days a out with no deal. >> it is ridiculous. this is a necessary. >> while the republican senate minority leader is staying positive the democratic senate majority leader warns -- >> whatever we come up with is going to be imperfect and some people are not going to like it. >> the president says if a big deal cannot be reached, he wants at least a smaller deal to keep middle-class...
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180
Dec 29, 2012
12/12
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KBCW
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eye 180
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the estate tax would rise. at today's prices, it could be worth 8 million. >> you are wealthy, right? but it's all in the dirt. you know. we are dirt rich, cash poor. >> reporter: for the pages, more than money is at take. they want the land of their past to be part of their future. john blackstone, napa valley. >>> log onto cbssf.com. >>> heightened patrols for drunk drivers are getting underway starting tonight. agencies will set up dui chick points. the drunk driving crack down comes as the depate is proposing tougher penalties for repeat offenders. devices to prevent a car from starting if the driver is intoxicated. >> we need to do more to save lives. >> statewide, the chp made close to 1200dui arrests during the holidays. >>> another friday night road hazard, critical mass taking to the streets. only a handful of bicyclists showed up tonight in san francisco. this year marks the event's 20th year. >> checking out the headlines, three more murders brings oakland's homicide rate to it's highist since 2006.
the estate tax would rise. at today's prices, it could be worth 8 million. >> you are wealthy, right? but it's all in the dirt. you know. we are dirt rich, cash poor. >> reporter: for the pages, more than money is at take. they want the land of their past to be part of their future. john blackstone, napa valley. >>> log onto cbssf.com. >>> heightened patrols for drunk drivers are getting underway starting tonight. agencies will set up dui chick points. the drunk...
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Dec 27, 2012
12/12
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CNNW
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we need to not just raise taxes. if we give the president every tax increase that he wants. we need to address the spending. >> and the president has addressed that. no one is saying that there should be no spending cuts. >> ultimately. we have to find a bring here to get across. what are the ways we can agree on that will help us through that. i would would brry if we get do our fox holes and shoot across at each other. you know our international reputation is going to suffer. every other country in the world and watching this is going to say is america prepared to leave? >> you can't trust these guys, they are not up to it. >> if the nation slides into a resocial. i think the republicans will pay the biggest price in the beginning. the president so far has the fact is the republicans have been losing the message war on that. for its own sake it need to listen to the right of center not the nar right. right now, it has to act as if look, the country's needs come first. what do we need to do some protect the country's welfare. we thought it would come with the event of the e
we need to not just raise taxes. if we give the president every tax increase that he wants. we need to address the spending. >> and the president has addressed that. no one is saying that there should be no spending cuts. >> ultimately. we have to find a bring here to get across. what are the ways we can agree on that will help us through that. i would would brry if we get do our fox holes and shoot across at each other. you know our international reputation is going to suffer....
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Dec 29, 2012
12/12
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WJLA
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and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter million dollars or less. >> i will urge the senate to hold an up or down vote on a basic package to protect the middle class from a tax hike extend vital unemployment insurance for americans looking for a job. >> the impasse has shaken wall street, the dow jones falling 400 points since last week. business people but this man are worried about the future. >> we are deciding how many people we are hiring and we are figuring out how many machines and robots to invest in our factory. >> commits to be axed, there is agreement on 90% of the tax debate. it is the fate
and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter...
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Dec 30, 2012
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hike. >> what i am arguing for is maintaining tax cuts for 90% of americans. i did not think anybody would consider that and liberal, left- wing agenda. >> republicans say their agenda, not stifling an already fragile economy with tax hikes on those who are behind small business. >> the higher you set that level, the less small business you will get. >> what had been high hopes had turned sour, with senate leaders said today that talks are now at a standstill. >> the issue is the balance between the cuts and revenue. what we call for is balance. republicans in the house have refused even one penny so far from people earning more than $1 million. >> that is the problem that we have been hearing. republicans floated out a proposal to change the way social security payments are considered. analysts say you'll notice it on your paycheck as early as the end of january. the pentagon prepared to offer low potentially hundred thousand workers. -- furlough potentially 800,000 workers. >> it is been years since the redskins have had a game as important as tonight. >> th
hike. >> what i am arguing for is maintaining tax cuts for 90% of americans. i did not think anybody would consider that and liberal, left- wing agenda. >> republicans say their agenda, not stifling an already fragile economy with tax hikes on those who are behind small business. >> the higher you set that level, the less small business you will get. >> what had been high hopes had turned sour, with senate leaders said today that talks are now at a standstill. >>...
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Dec 26, 2012
12/12
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there are income tax rates currently at 35% tax rate. what about people who are paying a rate of 15%? -- how about the unearned where people are paying a rate of 15%? there was a wealthy person who told me several weeks ago, people in my category are not worried about the earned income tax rate. most of our income is not earned. yeah, exactly right. that is why we should not lose focus of the unearned income tax rate. there is a differential between -- there is a 20% differential between unearned and earned income. why are we penalizing work? a person who works for the money pays a higher effective rate than somebody who doesn't. i know paris hilton is adding a lot to our society. i'm sure she is. but somebody who is just living off an inheritance, they are paying a rate of 15% and somebody that is paying a rate of 15% and works hard and is productive is paying a rate of 35%, honestly, i do not see any justification for that. >> sir? mic. >> i wanted to ask you if there is some negative effect from these policies. what would you think ab
there are income tax rates currently at 35% tax rate. what about people who are paying a rate of 15%? -- how about the unearned where people are paying a rate of 15%? there was a wealthy person who told me several weeks ago, people in my category are not worried about the earned income tax rate. most of our income is not earned. yeah, exactly right. that is why we should not lose focus of the unearned income tax rate. there is a differential between -- there is a 20% differential between...
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trying to find your way through a complex tax system isn't bad enough in the u.k. you paying through the nose for telephone services to help them navigate it that's coming up later. another crew member has died after a passenger jet crash landed at one of moscow's busiest airports that brings the number of dead to five while three of those are still fighting for their lives in hospital the redwings plane skidded off the runway and plowed into the embankment of a major highway on saturday experts believe bad weather brake failure or simply pilot error could have led to the tragedy. now looks at how the events unfolded the twenty ninth of december the last working day of two thousand and twelve in russia . business is. the next. jump into their cars and escape the busy capital. highway heads to the west where most of the luxury estates and country houses are located traffic jams are karma but this time of the day this time of the year with one of the road is almost there . passengers come out of the car to see what the sound was a big sack to see anything but not thi
trying to find your way through a complex tax system isn't bad enough in the u.k. you paying through the nose for telephone services to help them navigate it that's coming up later. another crew member has died after a passenger jet crash landed at one of moscow's busiest airports that brings the number of dead to five while three of those are still fighting for their lives in hospital the redwings plane skidded off the runway and plowed into the embankment of a major highway on saturday...
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a russian lawyer who was charged with the tax evasion put in for literary confinement and then died while in custody now sergei magnitsky family friends and several few in the eyes of his ations believe the charges against one of these two were trumped up and that he died in custody for on the t.v. or beatings these two acts are seen as the latest developments in the ongoing a tit for tat is put diplomatic battle which seems to be going on despite the a reset button pushed several years ago russian studies and history professor steven cohen from new york and princeton university's says he's never been under any illusions about russia's u.s. relations. so there is an old russian saying we're friends are also deeds a lot of people in moscow and in washington who may pass the magnitsky act and now the ban on adoption in moscow may have thought they were just talking showing off playing grandstanding politically as we say in america but these words have consequences they had that they feel all this new cold war atmosphere which is enveloping the relationship between our two countries it's goi
a russian lawyer who was charged with the tax evasion put in for literary confinement and then died while in custody now sergei magnitsky family friends and several few in the eyes of his ations believe the charges against one of these two were trumped up and that he died in custody for on the t.v. or beatings these two acts are seen as the latest developments in the ongoing a tit for tat is put diplomatic battle which seems to be going on despite the a reset button pushed several years ago...
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is still stuck on the edge of its fiscal cliff with only hours left before a tough mix of tax hikes and spending cuts hit americans. investigators begin ruling out possible causes for the deadly plane crash at a moscow airport our correspondent at the scene outlines the tragedy step by step. from the rest of the middle east and arab world to europe's money roller coaster the russian public getting more politically vocal and we sum up the major events that shaped twenty twelve. well it's a pleasure to have you with us here on new year's eve here in the russian capital the big show planned for you as we count down the last two hours of twenty twelve. thank you for joining us. now trying to pull the u.s. back from the brink of the fiscal cliff it couldn't get much closer to the wire at this point in just a few hours americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday the republicans and democrats are now in a last minute effort to avert it this time rapidly runs out how washington correspondent guy nature can
is still stuck on the edge of its fiscal cliff with only hours left before a tough mix of tax hikes and spending cuts hit americans. investigators begin ruling out possible causes for the deadly plane crash at a moscow airport our correspondent at the scene outlines the tragedy step by step. from the rest of the middle east and arab world to europe's money roller coaster the russian public getting more politically vocal and we sum up the major events that shaped twenty twelve. well it's a...